MacLac
Senior Member
Purpose built rentals it is then!!!!
Yeah, I agree. Things will improve in terms of amenities in the area, as well, with the next phase being constructed (I believe it has more CRUs), there's a grocery store going just a couple of blocks away (Freson Bros. on 107 ave/142 st) and, with the LRT completed, these will probably become quite attractive. If I had the cash, I'd probably buy one (or more) of these right now to cash out in 4 or 5 years.I don't know if it was a factor, but suspect all the twists and turns related to this site, the delays and problems before it became West Block were a factor in a less enthusiastic response than hoped.
However if so, this is too bad as it turned out nice. So hopefully there will be more confidence in the future. The location, with proximity to the LRT, has plusses and minuses and you don't get to the plusses that much until construction is done.
“400 West Block, a 96 unit apartment building due to begin construction in the second quarter or 2024.”
Hmm. I wonder why? Seems weird to be decreasing when rental vacancies are only decreasing and prices increasing.New info…..one is going taller and one is going shorterView attachment 541909
Hmm. I wonder why? Seems weird to be decreasing when rental vacancies are only decreasing and prices increasing.